$ETH #CPIWatch
Why ETH Rose in the Last 24 Hours
1. Institutional Inflows & Ethereum ETFs
Large inflows into spot Ethereum ETFs, including massive purchases by institutions such as BlackRock — around 150,000 ETH — boosted market sentiment and fueled hopes for a new all-time high (bravenewcoin.com).
Daily ETF inflows reached $1 billion, setting a new record and showing strong institutional interest in ETH
ETFs and treasury vehicles have absorbed up to 1.6% of total ETH supply since June, reducing available supply in the market and supporting higher prices
Companies such as BitMine Immersion Technologies and Sharplink Gaming have made large ETH purchases as part of their accumulation strategy
2. Short Squeeze and Massive Liquidations
The sharp price rally triggered a large short squeeze, forcing traders holding short positions to cover (buy back), which pushed the price even higher.
Short liquidations over the past 24 hours reached between $184 million and $207 million according to data from Coinglass and CryptoRank (beincrypto.com, cryptorank.io).
ETH broke above the $4,200 level — its highest since December 2021 — fueled by this momentum (coindesk.com).
3. Technical and Fundamental Sentiment
From a technical perspective, ETH broke through a key resistance at $4,000 — triggering follow-up buying and opening the way for higher price targets (coindesk.com, beincrypto.com).
Open interest in ETH futures has surged — reflecting strong conviction among major traders in the potential for a continued rally
Ethereum continues to dominate the DeFi sector (over 66%) and stablecoins, with total value locked (TVL) up 32% over the past 30 days — reinforcing the strong fundamentals backing its price
